This tag highlights content related to economic systems, trends, and impacts — including topics such as macroeconomic analysis, financial markets, economic policy, and sustainable growth.
Poland will send Ukraine four MiG-29 fighter jets in the coming days, with more to follow later, according to an announcement by Polish President Andrzej Duda on Thursday, 16 March. The move will make Poland the first NATO member country to fulfil the Ukrainian government’s increasingly urgent requests for
The average net salary in Romania was RON 4,254 (EUR 864) in January 2023, up 15% year-on-year, but down RON 144, or 3.3%, month-on-month, according to data published by the National Institute of Statistics (INS) on Wednesday 15 March, digi24.ro reported. However Romanians will not generally be
Hungarian National Bank (MNB) Governor Gyorgy Matolcsy has once again harshly criticised Hungarian Prime Minister Viktor Orban’s economic policy, business website Portfolio reported. Speaking about the MNB’s 2021 results in Parliament on Wednesday 9 March, Matolcsy said if inflation is due to external causes, then the central bank
Net investments in the Romanian economy were 150.1 billion leu (EUR 3.06bn) in 2022, up 8.5% on the previous year, according to National Institute of Statistics data, Romanian Prime Minister Nicolae Ciuca announced on Friday 10 March. “This demonstrates the confidence of investors in the Romanian economy,
German carmaker Volkwagen (VW) has put on hold its plans to open a battery plant in Central and Eastern Europe (CEE) citing better incentives offered by the US. VW reportedly told EU officials last week that it will prioritise a battery plant in the US as it can access subsidies
Estonia is named the most prosperous country in Eastern Europe, and the 21st globally, in the newly-released 2023 Legatum Prosperity Index. Legatum’s 16th annual survey praises the Baltic country’s “effective policy response” to Covid, which meant “Estonia’s pandemic-period contraction was one of the smallest in Europe”, and
Annual inflation in the EU was 10% in January, according to the latest report from EU statistics office Eurostat. Of the 12 countries with inflation rates above the EU average of 10%, 11 were from Central and Eastern Europe (CEE), with the highest annual inflation rates found in Hungary (26.
Hungarian Prime Minister Viktor Orban criticized the EU for imposing new sanctions instead of providing assistance and for depriving Hungary and Poland of the recovery funds they were entitled to, in his annual “state of the nation” speech in Budapest on Sunday, 19 February. Standing in front of a sign
Leaders from the Baltic nations and Poland have called for the utilization of approximately EUR 300bn worth of assets from the Russian Central Bank currently frozen by EU member states, towards the reconstruction of Ukraine. In a joint letter to to European Council President Charles Michel, European Commission President Ursula
So often the exemplar in Central and Eastern Europe (CEE), Estonia has been named the region’s most transparent country in the annual Transparency International (TI) Corruption Perceptions Index (CPI), released by the NGO on Tuesday, 31 January. In 2022, Estonia placed 14th globally, with a CPI score of 74,
Standard & Poor’s (S&P) downgraded Hungary’s credit rating by one step to the lowest investment grade of BBB- on Friday, partly due to Hungary’s current struggles in accessing some EUR 30bn of EU funding. The credit ratings agency also pointed to the negative effects of
Hungary has finalised a deal to acquire Vodafone Europe’s Hungarian unit for HUF 660bn (EUR 1.6bn) in the largest state purchase since the change of regime in 1990. The Hungarian state made the deal through its holding company Corvinus, which has obtained a 49% stake, while government-linked company
The three Baltic countries are the worst hit by the wave of inflation in Europe, according to the latest flash estimate from the EU’s official statistics agency Eurostat. Latvia currently has the highest inflation in the Eurozone, as prices rose 20.7% year-on-year in December, slightly higher than in
The EU last year attempted to address the erosion of perceived democratic norms of the populist governments of Hungary and Poland, by withholding a combined EUR 138bn in funding from the two states. After this unprecedented move, 2023 will be the year when the EU decides on whether to make
Czechia received near universal acclaim as it completed its stewardship of the presidency of the Council of the EU, which will now be led by Sweden. Leading Czech daily Denik N, wrote that Czechia had “grown up” during its tenure, which ran from July to December 2022. EC officials give